Posniak and Smith exit Octopus

Octopus Property managing director Mark Posniak and director of risk and recoveries Matt Smith are set to leave the business.

Posniak and Smith both joined the firm in 2009 and were members of the original four man team who launched the business which is now Octopus Property.

Mario Berti, head of Octopus Property, will continue to lead the team.

Berti said: “Mark and Matt will leave with our very best wishes. They have helped us to build a team of over 40 experienced lending professionals and lay the foundations for the long-term success of Octopus Property. We would like to thank them both for all their hard work over the years and wish them the very best for the future.

“Having lent over £2.2bn to date, Octopus Property has gone from strength to strength in the specialist lending market. Following our recent rebrand, we are looking to the future and will continue to deliver the same market leading service from the same outstanding team across an ever broadening range of products as we grow the business.”

Posniak added: “I have thoroughly enjoyed my time with Octopus Property and am very proud of the success we have achieved to date. While I am excited about the future, I leave behind a hugely talented team and a great business with a fantastic future ahead of it.”